Ron Paul: Gold and Bitcoin are at risk of government crackdown

The best way to protect against economic turbulence is with hard assets like precious metals and real estate, but even these are under threat from the government, said former Congressman and host of The Liberty Report, Ron Paul.

“The government is a threat,” Paul said. “They will crackdown because they have the ability to do it. We had a taste of [a free society]. If you don’t know where to start, just start with the Constitution, that might give you an idea of what a free society is all about.”

Paul noted that this “crackdown” could take the form of taxes.

On Biden’s proposed infrastructure bill, Paul said that its outcome would be “worse than average.”

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“Most likely it will do what those kinds of programs always do, they spend a lot of money, they’re inefficient, they always cost more than they thought they should. Besides, it’s built on some mystical belief that you shouldn’t have any concern about the deficit…everybody’s just in a dream,” he said.
www.kitco.com/news/2021-03-30/Ron-Paul-Gold-and-Bitcoin-are-at-risk-of-government-crackdown.html

 

h/t McDonald Trunalimunumaprzure

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